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the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to have asked it something which is relevant in a country. people. say in france. they are not strong financially. i mean. countries being the test to see whether savings can be stolen. it's. still. made his four chain after the breakup of the soviet union a hugely controversial character now we've heard in an interview that with a party given by mr brzezinski his latest friday the day before he died in a conversation with a journalist he talked of his longing to return home to russia and we've also heard from the russian president's press attash a he said that two months ago a the presid
the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to...
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Mar 25, 2013
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so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be sort of passively friendly expecting soviet reactions. he was asked what is the likely soviet reaction by the president of the united states. and he sort of breezily said, well, you know, they may do this, they may do that, they may send arms, that will take a long time because we're not going to be doing it for a long time, they may stage border incidents, we have add lots of them, so we can have a few more, so what? and then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. and he says we will use people's war on them. a
so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be...
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and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general election so it was during that time a couple of delays at the russian. russia refused to get involved the eurozone wanted to wanted to. foist the cyprus problem on to russia russia said it was eurozone problem anyhow what happened eventually was that we came down to the wire as usual as is the case with pretty much every euro group decision it becomes more of a debacle than a. decision at all five am this morning they come up with ten billion in. bailout which is which is short seven billion less than. last second a last second supposed gesture of being saved but it's massively short of what they'r
and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general...
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it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking system or if they do pull out their money that's going to hit the capital the banks need to hold and could ultimately trigger another world scale credit freeze was certainly none of this is helping the e.u.'s public reputation talk about mounting euros skepticism at the moment sixty seven percent of cypriots want to leave the block financial adviser warren told us that the hardships of the small cyprus economy are actually part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eig
it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking...
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the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about what do you make of that yeah yeah well let's get back to from moscow perspective very quickly the prime minister dmitry medvedev said this morning that he felt that the europeans were stealing what has already been stolen i think that's a reference to cyprus is off shore status the casino capitalism line is a line that french foreign minister for example trotted out this morning i think it's a line they're using to justify what it is what it is that they're doing and let's not forget that this is not the kind of term they were using when they i
the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about...
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Mar 22, 2013
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. >> shepard: a little island causing big problems for the global economy, and now lawmakers in cyprus are racing against the clock to fix their own problems. the bunks are still closed. there's talk of government taking money from people's bank accounts. don't know where the russian mob is but they're the problem. any attempts to fix things seems to be making matters worse. we'll get a live report from cyprus. >>> a woman in georgia, as in atlanta, georgia, says a teenager tried to rob her, and when she said she had no money, he shot her baby dead. now police say they're about to make a very big announcement and we'll have that next. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers question
. >> shepard: a little island causing big problems for the global economy, and now lawmakers in cyprus are racing against the clock to fix their own problems. the bunks are still closed. there's talk of government taking money from people's bank accounts. don't know where the russian mob is but they're the problem. any attempts to fix things seems to be making matters worse. we'll get a live report from cyprus. >>> a woman in georgia, as in atlanta, georgia, says a teenager tried...
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Mar 24, 2013
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of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash etc. >> i know you have mentioned cybercrime. we don't have time to get into in detail. but i view that as the next pearl harbor risk. >> yes. >> do you share that concern? >> senator, yes, i would. former secretary leon panetta spoke about it in this term. a tremendous opportunity in the network. also vulnerabilities that exist. you know, they could have catastrophic consequences. >> one further question about this. the criminal cartels. one of the things that scared me about your testimony is the idea of one of our state enemies, if you will. perhaps i shouldn't use that term. people who don't wish us well. working with the criminal cartel, that, to me, means that the work you are doing, general kelly, and the southern command is not only a drug issue or criminal issue, but a very serious national security issue.
of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash etc. >> i know you have mentioned cybercrime. we don't have time to get into in detail. but i view that as the next pearl harbor risk. >> yes. >> do you share that concern? >> senator, yes, i would. former secretary leon panetta spoke about it in this term. a tremendous...
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Mar 20, 2013
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economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign affairs correspondent greg palkot tells us what is under consideration. >> the banks will remain closed for the rest of the week after a controversial plan to tap in to private savings to bankroll a bail-out rejected by the parliament. we are feeling easier because there might not be a levy on deposits. but the situation could get worse. the officials scram to believe come up with a plan "b" for the near bankrupt country. european union will not put up its share of the $20 billion bail-out without cyprus doing its bit. they offer to mortgage the assets
economy. that is down from 70%, 2-1/2 years ago. there is less confidence in the president's ability to fix it. 47% now. 51% last year. the dow is back on a winning streak. the industrial average up for second day in a row. gaining 56. s&p 500 finished ahead 10. nasdaq up 25. we learned idea what cyprus will not do to qualify for international bail-out of the troubled economy. with a tax on savings account out, the lawmakers are scrambling to come up with another plan. senior foreign...
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Mar 22, 2013
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they don't create a thriving economy. and that's going to be an essential challenge not just in syria but across the region. and the united states i think has something to say about that because part of what makes us a superpower is because we have people of every walk of life, every background, every religion. and if they've got a good idea and willing to work hard, they can succeed. and that's got to be something that's more consistently spoken about not just you know in the syria situation, but i think with respect to this enormous moment of both promise but also danger in the arab world in north africa. >> julie. >> thank you, mr. president. you mentioned the aftermath of the assad regime. there's a lot of concern in jordan and elsewhere that the upheaval in syria is creating havens for extremism. how concerned are you at this point that extremists or jihadists could actually take over in syria and perhaps be even worse than assad? and i was also hoping you could give us some insight into how you brokered the call tod
they don't create a thriving economy. and that's going to be an essential challenge not just in syria but across the region. and the united states i think has something to say about that because part of what makes us a superpower is because we have people of every walk of life, every background, every religion. and if they've got a good idea and willing to work hard, they can succeed. and that's got to be something that's more consistently spoken about not just you know in the syria situation,...
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Mar 25, 2013
03/13
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we will go from cyprus to the economy in europe and the economy right here in the united states, and what exactly does he mean a cure for capitalism? wstay with us. ♪ [music break] , diedic by bebo valdÉs friday the age of 94, the son of studyr factory worker, classical music at the conservatorio become a favorite collaborator with the great alongsingers of his era with americans such as nat king cole. he was considered a giant in the golden age of cuban music. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. wolff, a is richard professor emeritus at the university of massachusetts and hearst, now new school university, author of many books including, "democracy at work: a cure for capitalism." i want to talk about austerity here at home read this is house speaker john boehner speaking last month that in the $85 billion budget sequester cuts that took effect march 1. >> the american people know the president gets more money, they're just going to spend. he has got his tax hikes. it is time to focus on the real problem in washington, and that i
we will go from cyprus to the economy in europe and the economy right here in the united states, and what exactly does he mean a cure for capitalism? wstay with us. ♪ [music break] , diedic by bebo valdÉs friday the age of 94, the son of studyr factory worker, classical music at the conservatorio become a favorite collaborator with the great alongsingers of his era with americans such as nat king cole. he was considered a giant in the golden age of cuban music. this is "democracy...
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Mar 23, 2013
03/13
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in south africa, he will attend a summit of the brics group of emerging economies, including brazil, india, russia and the host nation. he wants to bring the block closer together so it can exert more influence. in tanzania, in the republic of conga, president xi will work on the natural resources needed to feed china's economic engine. analysts say the chinese leader is being strategic with his first trip abroad. they say he is trying to strengthen ties with russia and emerging economies to give china more global influence in a world where the united states plays a leading role. takafumi terui, nhk world. >>> investigators looking into this week's cyberattack against south korean broadcasters and banks are withdrawing a claim they made early on. they initially said a malicious code came from an internet address in china. now they say that's not the case. a computer virus triggered a massive failure at three broadcasters, including kbs and three major banks. it disabled more than 32,000 computers. investigators said a day later the virus that hackers sent to a cooperative bank origin
in south africa, he will attend a summit of the brics group of emerging economies, including brazil, india, russia and the host nation. he wants to bring the block closer together so it can exert more influence. in tanzania, in the republic of conga, president xi will work on the natural resources needed to feed china's economic engine. analysts say the chinese leader is being strategic with his first trip abroad. they say he is trying to strengthen ties with russia and emerging economies to...
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Mar 19, 2013
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we're not talking about absolute devastation in the economy. when we've gotten to the point where yoga pants are a big problem maybe we are getting better. >> all right. thank you very much for being here. >>> lululemon had to dump $20 million worth of yoga pants because they were see through and today's hash tag, you're it. let's come up with a slogan for all those too sheer lululemon pants. here's mine. come for the fitness. stay for the hr complaint. send us your idea, your suggestion. tweet us at the lead cnn. use the hash tag lulu slogan. also, you've been waiting six years for it. now justin timberlake's new album is here. you're not that excited about it? neither is marco rubio. my interview with the republican senator is next. we'll talk immigration, foreign policy, and jams in the politics lead. ♪ wireless is limitless. [ female announcer ] from finding the best way... ♪ to finding the best catch... ♪ wireless is limitless. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, inf
we're not talking about absolute devastation in the economy. when we've gotten to the point where yoga pants are a big problem maybe we are getting better. >> all right. thank you very much for being here. >>> lululemon had to dump $20 million worth of yoga pants because they were see through and today's hash tag, you're it. let's come up with a slogan for all those too sheer lululemon pants. here's mine. come for the fitness. stay for the hr complaint. send us your idea, your...
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and fearfulness a professor of political economy at the university of nicosia believes there would be repercussions to the cypriot nation if it complied with the strict but you know terms. there is a political willingness by the government to reach an agreement for the bailout. with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists is that in case that all demands of the trade got accepted i mean it would be very difficult for these under one of these agreement to be viable in the sense that if we throw the country impeach he's going to prevail and the huge recession and they reach a circle and it will be extremely difficult if not impossible to get out of it this is unprecedented cyprus lost twenty five percent of its g.d.p. almost two years ago when there was the kid a couple of the greek dead and there has been no compensation for that if these ideas of being discussed are implemented there will be another here occurred over the cyprus g.d.p. which will be around forty percent it would be impossible i think to get o
and fearfulness a professor of political economy at the university of nicosia believes there would be repercussions to the cypriot nation if it complied with the strict but you know terms. there is a political willingness by the government to reach an agreement for the bailout. with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists is that in case that all demands of the trade got accepted i mean it would be very difficult for...
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Mar 18, 2013
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. >>> back to this country and to the economy, now. on the eve of another week for the dow, many baby-boomers who rode the rollercoaster, finally seeing a recovery. the dow is finishing a ten-day rally. this is where it will end up in the morning, just over 14,500 points. and tonight, abc's bianna golodryga, tonight, with a couple you met right here on "world news." staying the course worked. >> reporter: family vacations it's what bill and kathy lived for. and what they were planning on when they invested in their 401(k). but like so many others, their nest egg took a hard fall in 2008. when we talked to them in january, they had gotten some good news. >> my retirement went crash. and the recovery has been fantastic. >> reporter: and today? >> 401(k)s have done very well since january. you're up probably around 10%-plus, in a lot of accounts. >> reporter: their accounts have doubled. some tripled since 2009, which means more family vacations. and they're not alone. with the dow having its best run in 16 years. >> starting from an envi
. >>> back to this country and to the economy, now. on the eve of another week for the dow, many baby-boomers who rode the rollercoaster, finally seeing a recovery. the dow is finishing a ten-day rally. this is where it will end up in the morning, just over 14,500 points. and tonight, abc's bianna golodryga, tonight, with a couple you met right here on "world news." staying the course worked. >> reporter: family vacations it's what bill and kathy lived for. and what...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to the report. hello and welcome to crossfire for all things are considered i'm peter lavelle almost twenty years after the genocide some claim that the wanted is not only on the mend now but also could be considered a development model for other african countries to follow what accounts for rwanda's turnaround is it due to good governance or is it because of western foreign aid aid some say is given because of a guilty conscience. to discuss the situation in rwanda i'm joined by three baltic in nairobi he is a novelist filmmaker and an investigative journalist in washington we have anthony kim he is a senior policy analyst at the center for. international trade and economics and in london we cross to michael amoa he is an expert on africa at the london school of economics ok anthony if i could go to you first how would you describe the situation in rwanda because there's a lot of positive news coming out but there's a lot of political news th
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to the report. hello and welcome to crossfire for all things are considered i'm peter lavelle almost twenty years after the genocide some claim that the wanted is not only on the mend now but also could be considered a development model for other african countries to follow what accounts for rwanda's turnaround is it due to good governance or is it...
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Mar 21, 2013
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economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of accommodation we are providing giving the outlook -- given the outlook. weterms of further color, have not given quantitative analysis. we would be looking for a sustained improvement in a range of key labor market indicators, including payrolls, but also others like the hiring rate, claims for unemployment insurance, and so on. we are looking for a sustained improvement across a range of indicators and since we are looking at the outlook and the prospects rather than the current state of the labor market, we
economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of...
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Mar 23, 2013
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they cannot create a thriving economy. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of promise and danger in the arab world in north africa. >> thank you, mr. president. of mentioned the aftermath the assad regime. there's a lot of concern that the upheaval is creating extremism. how concerned are you that extremist could take over in syria and, perhaps worse than assad? usas hoping you could give an insight on how you brokered the call to netanyahu. and you have offered asylum that he rejected and does that offer still stand? thank you. >> well, i'm very concerned about syria becoming a place for extremists because extremists thrive in chaos. they thrive i
they cannot create a thriving economy. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of promise and danger in the arab world in...
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Mar 20, 2013
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of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash etc. >> i know you have mentioned cybercrime. we don't have time to get into in detail. but i view that as the next pearl harbor risk. >> yes. >> do you share that concern? >> senator, yes, i would. former secretary leon panetta spoke about it in this term. a tremendous opportunity in the network. also vulnerabilities that exist. you know, they could have catastrophic consequences. >> one further question about this. the criminal cartels. one of the things that scared me about your testimony is the idea of one of our state enemies, if you will. perhaps i shouldn't use that term. people who don't wish us well. working with the criminal cartel, that, to me, means that the work you are doing, general kelly, and the southern command is not only a drug issue or criminal issue, but a very serious national security issue.
of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash etc. >> i know you have mentioned cybercrime. we don't have time to get into in detail. but i view that as the next pearl harbor risk. >> yes. >> do you share that concern? >> senator, yes, i would. former secretary leon panetta spoke about it in this term. a tremendous...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country town to offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their own model and. i was. stunned. oh my room is. i want my children to win over moscow. russia.
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country town to offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their own model and. i was. stunned. oh my room is. i want my children to win over moscow. russia.
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the political parties are absolutely bereft of ideas for solving the problems the level of the real economy and the turn to a very very easy scapegoat which is migrants who really are not responsible for any of the shortages housing or for crappy health care that we all experience in britain and i think turning the tables on them and forcing politicians to have a serious discussion with us about the real problems is where we need to head. for the moment with a new team with more for you in about half an hour from now in the meantime we've got the latest business we have katie joining us here in the studio and katie cyprus of course it's dominating all day here on the news desk the bailout of course is your impact on russians most definitely actually can tell you the markets down today and it's because of the situation inside present in the business but a ten we concentrate on the relationship with russia we have experts analysis coming out bell after the break. oh since the new pope was chosen the calls for reform are analysts everyone wants the new pope to allow this and to allow that but
the political parties are absolutely bereft of ideas for solving the problems the level of the real economy and the turn to a very very easy scapegoat which is migrants who really are not responsible for any of the shortages housing or for crappy health care that we all experience in britain and i think turning the tables on them and forcing politicians to have a serious discussion with us about the real problems is where we need to head. for the moment with a new team with more for you in...
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Mar 26, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. trowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not, probably not most of us until last night in what some call the biggest cinderella story in ncaa history. florida gulf coast was the first number 15 seed to reach the sweet 16. odds of winning the ncaa championship are roughly one in about 80 # ,000, well, they definitely got everyone's attention now. how can the university capitalize on acinderella reputation? joining me now is the marketing guru and executive creative director, bruce. turkell? >> yes, thanks. sandra: guide us along here. nobody knew anything about the university until this past week, and they blossomed
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. trowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ sandra: great music for this segment. incredible story if you have not heard it. florida gulf coast university. you may have heard of them, maybe not,...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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to give shares in state institutions and bear off lot of eccentric cetera and he did it he gave the economy away so he ruled over very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you've met him and there's yes and ohm arrogant he was full of themself ok but a lot of security around him an enormous amount of security he was paranoid for good reason there were attempts on his life and he left because he was worried for his life ok he took his money with him or at least a good part of it is sold a self-imposed exile in learned it was a solicitor sleep it was an escape he left it was he would have been charged with all kinds of criminal offenses all the reservation self-preservation not going to get out of and then revenge ok what about what about one of the you know one of the high profile cases was probably wasn't really that it been going to the polonium poisoning worked for a bit of skin so litvinenko world would be better off in what capacity to look for dirt to look for d
to give shares in state institutions and bear off lot of eccentric cetera and he did it he gave the economy away so he ruled over very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you've met him and there's yes and ohm arrogant he was full of themself ok but a lot of security around him an enormous amount of security he was paranoid for good reason there were attempts on his...
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Mar 25, 2013
03/13
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the european economy is collapsing. if that clashes, what does it say versus state of the global economy? we are not insuelated against the global impacts. this could have a terrible impact on the fragile recovery. >> shannon: meaning if this is a last minute deal and they talk about negotiating through the night. sigh of relief. what is the downside? >> let's go back to what could have happened and the banks would collapse anyways. they were feeling the renallal effects. part of their problem is holding the greek debt. so you see a ripple effect. you will out in some other countries like spain. i think it continues to move out. this is a threat for the u.s. u.s. economy. we went through a period that it was calming down. we will continue to see hiccups. this cyprus thing is contained for now, though. >> shannon: how -- global economy these days, it seems like every, you know, flare-up. we will see and it will impact other players. there are dominoes. >> there are. it could be that the euro is not sustainable or split t
the european economy is collapsing. if that clashes, what does it say versus state of the global economy? we are not insuelated against the global impacts. this could have a terrible impact on the fragile recovery. >> shannon: meaning if this is a last minute deal and they talk about negotiating through the night. sigh of relief. what is the downside? >> let's go back to what could have happened and the banks would collapse anyways. they were feeling the renallal effects. part of...
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Mar 25, 2013
03/13
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i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing deductions which is not enough. i'd like to predict they will eventually put another tax mechanism on the table such as a value added tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it's not going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for joining us. the rainy day funds highs not seen since recession. what do states want to do? spend it, of course. are they setting themselveses up for fiscal disaster? a huge armed air left, but could it fuel a costly disaster ahead? details on that coming up. can you ever have too much "money"? ♪ we went out and asked people a simple question: how
i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing deductions which is not enough. i'd like to predict they will eventually put another tax mechanism on the table such as a value added tax or some kind of carbon tax because they similarly have to...
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multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an impossible task and the and the biggest bomb he's got is of course that the rebels don't have majority support in syria they don't this is that the this is why this conflict is still going on because it present assad was an unpopular as the u.s. would like us to believe in britain like instability then present as i would have gone by now the fact is is that he does have sizable support in the country people in syria look at the rebels and say no sags we don't want these people they're very good by the beacon of what we're going to get we going to get radical islam we're going to get who knows what
multinationals productize economy and of course to a great read has a lot to break there are no we say we keep saying rebels but really is there a mix of moderates to al-qaeda link exam is again can you hear them together you know is there is a simple answer to that because what we as we say what we call the rebels are very wide ranging group of people from radical islamists al-qaeda groups to moderate islamists to people who are very very anti american to be very pro-american and he's got an...
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block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on sort of stealing savings you're going to have popular unrest it's something which is relevant in a country that is one point one five million people but when you start to see unrest let's say in france where they are not as strong financially as well as germany i mean we can stephanie see the small countries being the test to see whether savings can be stolen on a wider scale. the rescue package coming at a high cost for cyprus that struggle to keep its tax haven status president even threatened to
block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is...
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Mar 20, 2013
03/13
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. >> we don't want a class system where we have citizens and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >>
. >> we don't want a class system where we have citizens and the -- >> our economy needs these workers. >> did i sound like i was freaking out because i really didn't want to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states....
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Mar 19, 2013
03/13
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meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or other regulations. rich is with us know. the chief been the correspondent for u.s. news and world report. at it the worst kept secret in the nation there is an enormous underground economy where people get paid cash and don't get benefits. it's a cash world. >> some of that is a constant. we know about landscape workers and nannies and illicit operators like drawing dealers and bookies who work in the dark economy. but t
meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is...
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that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are. going to happen is going to be having a. bad bank so first of all. the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country right. above one hundred thousand euros taking a last load will be quite a substantial last obo you have to root for that actual percentage. right now. because of the orders a class. has. a share of the spline now remember only an effort to get ten billion euro bailout from of the e.u. so in fact we are going to be getting it to avoid bankruptcy. really are fed up for the past a week now. on sunday but the
that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are....
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Mar 21, 2013
03/13
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economy. earlier this month my organization released a study that found that the unmanned aircraft industry is poised to and $30. 000 new job billions within the first three years. understands that this technology is new to most americans. their opinions are being formed .y what they see in the news this is an opportunity to address the misconceptions about the technology and discuss how it will be used for domestic applications. "drone."use the term ua.s.'s. includes the technology on the ground with the human at the controls. is nothing unmanned about unmanned systems. the term carries with it a hostile connotation and does not reflect how u.a.s.'s being used domestically. to performed dangerous and difficult tasks more safely and more efficiently. they are used to assess flooding in the red river in the upper midwest. they are used to help battle wildfires in california. they are being used to study everything from hurricanes in the gulf of mexico, tornadoes, and volcanoes in hawaii. theke
economy. earlier this month my organization released a study that found that the unmanned aircraft industry is poised to and $30. 000 new job billions within the first three years. understands that this technology is new to most americans. their opinions are being formed .y what they see in the news this is an opportunity to address the misconceptions about the technology and discuss how it will be used for domestic applications. "drone."use the term ua.s.'s. includes the technology...
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why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators their departure resembles abandonment and escape despite the optimistic speeches. cease. april twenty twelve and i'm back in iraq in soho on the border with turkey. i have an appointment this morning with a lebanese taxi.
why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators...
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Mar 20, 2013
03/13
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. >>> not even a down economy can crush rock and roll. legendar kiss rockers gene simmons and paul stanley kick off a big expan shun of their restaurants. they're here in first on fox interview to tell us why now is the time to bet on the consumer. even when they say it's not it is always about money melissa: first let's turn to today's market moment. fears over cyprus's bailout led to a choppy day of trading on wall street. the dow managed to eke out a slight gain wi the nasdaq and s&p 500 posting minor laws. the s&p fell for thehird straight seson. that is the worst losing streak of the year. microsoft could be in some hot water with the justice department. microsoft and some of its business partners are being investigated over a foreign bribery claims. government officials in china, italy and romania were allegedly bribed to earn software contracts but shares of microsoft still managed to close the day up slightly. >>> all right we start tonight in cyprus. th parliament rejected the tax on bank deposits, potentially killing the bailout
. >>> not even a down economy can crush rock and roll. legendar kiss rockers gene simmons and paul stanley kick off a big expan shun of their restaurants. they're here in first on fox interview to tell us why now is the time to bet on the consumer. even when they say it's not it is always about money melissa: first let's turn to today's market moment. fears over cyprus's bailout led to a choppy day of trading on wall street. the dow managed to eke out a slight gain wi the nasdaq and...
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political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this point to be honest or at least in the medium or even the short and i don't think there's any sustainable way way out as you may have read already as you may already know the world bank as well as you warned. that risk for a contagion of us a good price is another thing that's so i guess the risk of thing that's becoming more and more a very strong possibility and almost a certainty it doesn't really matter whether whether these actually whether measures are implemented or not and whether that trading haircut is fifteen or twenty to twenty five percent which is pretty much the subject of a discussion of
political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this...
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Mar 22, 2013
03/13
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. >> reporter: cruz tells cnn the law will put the economy in critical condition. >> the economy is not growing and implementing obama care now raises a very real possibility we will push this nation into a recession. i'm trying to make the case -- >> reporter: you are saying the president's health care law will cause recession. it could very well. we've had more than 35 separate votes in the congress about that and we've always upheld the affordable care act. >> reporter: democrats argue republicans should just stop. noting the law has not only survived a challenge to the supreme court but also former presidential candidate mitt romney. >> i will repeal obama care. and i'll stop it in its tracks on day one. >> reporter: the gop budget that passed the republican controlled house also includes a repeal of obama care. congresswoman michele bachmann warned the health care law is a killer. >> let's repeal this failure before it literally kills women, kills children, kills senior citizens. let's not do that. >> but it seems it is the law that can't be killed almost like the legislative equiv
. >> reporter: cruz tells cnn the law will put the economy in critical condition. >> the economy is not growing and implementing obama care now raises a very real possibility we will push this nation into a recession. i'm trying to make the case -- >> reporter: you are saying the president's health care law will cause recession. it could very well. we've had more than 35 separate votes in the congress about that and we've always upheld the affordable care act. >>...
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Mar 21, 2013
03/13
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economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries beating four was considered a piece of cake. >> rose: what's happening in the stock market, david? >> yeah, it's doing very nicely. a few things are happening. one, the corporate sector continues to do pretty well. even though g.d.p. growth has been mediocre, a large portion of that g.d.p. growth is going to the corporate sector instead of work fers a whole variety reasons. so that translates into pretty good corporate profits which in turn translates into good stock prices. the other thing is interest rates are so low by design people are willing to take risks and
economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries...
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Mar 22, 2013
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i mean their economy is going to hell. they have got a real problems. they need imf financing. so we need to engage with them but we also need to stand on our principleses. >> rose: whatever happened to the idea expressed at this table that in an interesting way the responsibility of governing might make islamist parties change. they would face a new reality and that therefore they would understand more than they did when they were outside of power, what it meant. and they would make different choices. >> the answer is that there is no universal-- there is no universal answer for this. because asian is lam with countrieses like indonesia and malaysia is one thing. turkey is another, hezbollah and lebanon, egypt, i agree is yet another so there is not one formula. islam is diverse and it will vary from one country to the other. in some countries, islam is in time will become a pragmatic. in other countries, it would be an ongoing revolution, radicallization. >> we have not been clear enough, john kerry has done this on his last trip but we need to be more clear about standing fo
i mean their economy is going to hell. they have got a real problems. they need imf financing. so we need to engage with them but we also need to stand on our principleses. >> rose: whatever happened to the idea expressed at this table that in an interesting way the responsibility of governing might make islamist parties change. they would face a new reality and that therefore they would understand more than they did when they were outside of power, what it meant. and they would make...
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so being a has inherited the world's second largest national economy and will try to keep the eggs in power house growing and over sinful costs look promising a report from pricewaterhouse coopers predicts that china will catch up with the u.s. by twenty seventeen before surging ahead so the new leadership has also promised to invest heavily in building up the country's defense capabilities this comes amid america's growing military expansion in asia pacific and u.s. efforts to gain a stronger foothold in the struggle to regional influence has been causing concern in beijing just days ago the pentagon announced a decision to put fourteen more missile interceptors along america's west coast and deploy a raid tracking station in japan they say it's in response to north korean nuclear threat in the meantime china's priority is economic growth robin military expansion that's according to also and journalist martin jacques relations with the united states have steadily be getting more complicated and i think the reason for that is because before you know china was very much still a develop
so being a has inherited the world's second largest national economy and will try to keep the eggs in power house growing and over sinful costs look promising a report from pricewaterhouse coopers predicts that china will catch up with the u.s. by twenty seventeen before surging ahead so the new leadership has also promised to invest heavily in building up the country's defense capabilities this comes amid america's growing military expansion in asia pacific and u.s. efforts to gain a stronger...
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Mar 22, 2013
03/13
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there is an enormously negative impact on the global economy. particularly in asia. every adjourning area next to iran is susceptible to a local war which used to be called people's war. passivelyus to be friendly, expecting soviet reactions. likelyasked what is the soviet reaction by the president of the united states? they may state border incidents, we have had lots of them. then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. he says we will use people's war, and i know what he meant. the kind of things we experienced also. people's wars do not end quickly. we are not going to kill all iranians. inn if they do these things the region. the protracted conflict will make this experience a bit -- make this experience of a decade ago seemed like a trifle. therefore i am worried by we are trying to buy off this pressure the president is feeling for commitments to military action against iran without fully contemplating the large scale geopolitical consequences, the affect a effectthe this -- t
there is an enormously negative impact on the global economy. particularly in asia. every adjourning area next to iran is susceptible to a local war which used to be called people's war. passivelyus to be friendly, expecting soviet reactions. likelyasked what is the soviet reaction by the president of the united states? they may state border incidents, we have had lots of them. then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards...